Class A Distributions Sample Clauses
Class A Distributions. All distributions from Newco to the Class A Members in respect of their capital contributions shall be applied by FC BEV first to pay FC BEV Expenses (as defined below) and the balan▇▇ shall be distri▇▇▇ed to Formation and Northbrook in proportion to their equity contributions. There shall be no deductions or withholdings for any "carry", "promote", other performance based fees, "structuring fee", "asset management fee" or similar fee, except as provided in Section 2 above.
Class A Distributions. In the event that HPAC sets a record date for the payment of a cash dividend to holders of HPAC Common Stock, concurrent with the payment of such dividend by HPAC, each holder of Class A Units as of such record date shall be entitled to receive a cash distribution from the Company with respect to each Class A Unit held as of such record date equal to the amount of the dividend payable in respect of the number of shares of HPAC Common Stock into which such Class A Unit is exchangeable as of such record date pursuant to Article Six hereof. Any such distribution shall be made by the Company on the date of payment of the applicable dividend by HPAC.